Annual Report 2013

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Statement of changes in equity FOR THE YEAR ENDED 30 June 2013 Capital Reserve General Reserve Reserve for Credit Losses Retained Earnings $ $ $ $ $ Total at 1 July 2011 74,012 941,918 400,000 17,381,692 18,797,622 Total comprehensive income for the year 583,492 583,492 Transfers to (from) reserves - Transfer to reserve for credit losses in year - Transfer to capital account on redemption of shares 3,430 (3,430) - Total at 30 June 2012 77,442 941,918 400,000 17,961,754 19,381,114 Total Total comprehensive income for the year 587,202 587,202 Transfers to (from) reserves - Transfer from reserve for credit losses in year - Transfer to capital account on redemption of shares 10,040 (10,040) - Total as at 30 June 2013 87,482 941,918 400,000 18,538,916 19,968,316 The above Statement of Changes in Equity should be read in conjunction with the Notes to the Financial Statements set out on pages 19 to 52. 16 Intech Credit Union Ltd Annual Report 2013
Statement of financial position As At 30 June 2013 ASSETS Cash 4 3,736,463 3,016,634 Receivables from financial institutions 5 25,565,893 26,349,303 Receivables 6 346,197 990,091 Prepayments 187,124 130,621 Loans to members 7 & 8 157,213,104 145,958,443 Available for sale investments 9 465,838 465,869 Property, plant and equipment 10 310,671 513,223 Taxation assets 11 301,680 275,888 Intangible assets 12 107,949 217,644 Total assets 188,234,919 177,917,716 LIABILITIES Deposits from other institutions 13 23,250,000 21,661,000 Deposits from members 14 142,058,041 134,157,890 Creditor accruals and settlement accounts 15 2,522,132 2,190,421 Taxation liabilities 16 165,920 205,438 Provisions 17 270,510 321,853 TOTAL LIABILITIES 168,266,603 158,536,602 Note 2013 $ 2012 $ NET ASSETS 19,968,316 19,381,114 Members’ equity Capital reserve account 18 87,482 77,442 General reserve 941,918 941,918 General reserve for credit losses 400,000 400,000 Retained earnings 18,538,916 17,961,754 Total members’ equity 19,968,316 19,381,114 The above Statement of Financial Position should be read in conjunction with the Notes to the Financial Statements set out on pages 19 to 52. Intech Credit Union Ltd Annual Report 2013 17
Page 1: Annual Report 2013
Page 4 and 5: Key Statistics Financial Performanc
Page 6 and 7: Chairman’s Report 2013 Remunerati
Page 8 and 9: Corporate governance Disclosures Bo
Page 10 and 11: directors’ report DIRECTORS’ BE
Page 12 and 13: directors’ report Director Rodney
Page 14 and 15: independent auditor’s report 12 I
Page 16 and 17: DIRECTORS’ DECLARATION In the opi
Page 20 and 21: Statement of cash flows For The Yea
Page 22 and 23: note to the accounts 1. Statement O
Page 28 and 29: note to the accounts 6. RECEIVABLES
Page 30 and 31: note to the accounts 8. PROVISION O
Page 32 and 33: note to the accounts 8. PROVISION O
Page 34 and 35: note to the accounts 11. TAXATION A
Page 36 and 37: note to the accounts 16. TAXATION L
Page 38 and 39: note to the accounts 19. FINANCIAL
Page 46 and 47: note to the accounts Within 30 days
Page 48 and 49: note to the accounts FINANCIAL LIAB
Page 50 and 51: note to the accounts 24. StanDBY BO
Page 52 and 53: note to the accounts 27. ECONOMIC D
Page 54: 31. CORPORATE INFormation The Credi

Annual Report 2013

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